GAIL, Russia’s Itera sign petrochem plants, city gas projects pact

New Delhi, Feb.13 (ANI): The Gas Authority of India Limited and Russian oil and gas firm Itera today signed a Memorandum of Understanding (MoU) to jointly build petrochemical plants and city gas projects in Russia. GAIL Chairman and Managing Director U D Choubey and Itera CEO Igor Makarov jointly signed the pact that envisages cooperation in setting up CNG projects in Russia, exploring possibilities for setting up a gas-based petrochemical plant in Russia and jointly investing in oil and gas exploration and production in Russia and CIS countries. (ANI)